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The folly of EU structural funds illustrated

A couple of rather disturbing examples of why the EU's structural funds so badly and desperately need reform. The list seemingly never runs dry.First, the Sunday Telegraph had a feature on Madeira’s economy, claiming that grants from the EU structural funds – which require match funding from local governments or business – have contributed to the local Madeiran administration now owing over €6 billion, nearly double the per capita public debt of mainland Portugal.
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Guest Post: Why Reforms Won't Work

Business & Finance : Zero Hedge (2 years ago)

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Regardless of the need for reform, it isn't going to happen for these structural reasons. The list of public/private institutions that desperately need structural reform is long: t... Read Post

India Is The Last BRIC Standing

Business & Finance : Business Insider: Clusterstock (6 hours ago)

Of all the fast-growing BRIC countries, only India's stands strong right now. Its economy seems perfectly structured to handle our delicate, and dangerous, global market. A year and a half ago, emerging markets fell into chaos when ... Read Post

Cyprus mulls early EU structural funds

Business & Finance : Business Report (2 years ago)

Cyprus is considering putting EU structural funds to earlier use to help its stricken economy. ||| Dublin - Cyprus is considering putting EU structural funds to earlier use to help its stricken economy but is not asking for a bigger... Read Post


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